Can I retire at age 75 with 719,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$59,374$58,845$58,329$57,826$57,334$57,092
2 years$29,393$28,846$28,315$27,801$27,302$27,058
3 years$19,401$18,851$18,322$17,812$17,321$17,083
4 years$14,406$13,858$13,334$12,833$12,354$12,122
5 years$11,409$10,864$10,347$9,857$9,391$9,167
6 years$9,412$8,872$8,362$7,883$7,431$7,215
7 years$7,987$7,450$6,949$6,481$6,043$5,836
8 years$6,918$6,386$5,893$5,436$5,014$4,814
9 years$6,087$5,560$5,076$4,631$4,222$4,031
10 years$5,422$4,901$4,425$3,992$3,597$3,414
11 years$4,879$4,363$3,896$3,474$3,094$2,919
12 years$4,427$3,916$3,458$3,047$2,681$2,514
13 years$4,044$3,539$3,089$2,690$2,338$2,178
14 years$3,717$3,217$2,776$2,388$2,049$1,897
15 years$3,433$2,939$2,506$2,130$1,805$1,659
16 years$3,185$2,696$2,272$1,907$1,595$1,457
17 years$2,967$2,483$2,067$1,713$1,414$1,283
18 years$2,773$2,295$1,887$1,544$1,257$1,133
19 years$2,600$2,127$1,728$1,395$1,121$1,003
20 years$2,444$1,976$1,586$1,264$1,001$889
21 years$2,303$1,841$1,459$1,147$896$790
22 years$2,175$1,718$1,344$1,043$803$703
23 years$2,058$1,607$1,241$950$721$626
24 years$1,952$1,506$1,148$866$648$559
25 years$1,854$1,413$1,063$791$583$499
26 years$1,763$1,328$986$723$525$446
27 years$1,680$1,250$916$662$473$399
28 years$1,602$1,178$851$607$427$357
29 years$1,531$1,111$792$556$386$320
30 years$1,464$1,049$738$510$349$287
31 years$1,401$992$688$469$315$257
32 years$1,342$939$642$431$285$231
33 years$1,288$889$599$396$258$207
34 years$1,236$842$560$365$234$186
35 years$1,188$799$523$336$212$167
36 years$1,142$758$490$309$192$150
37 years$1,099$720$458$285$174$135
38 years$1,058$684$429$262$157$121
39 years$1,020$651$402$242$143$109
40 years$983$619$377$223$130$98
41 years$948$589$353$206$118$88
42 years$915$561$332$190$107$79
43 years$884$535$311$175$97$71
44 years$854$510$292$162$88$64
45 years$826$486$274$150$80$58
46 years$799$464$258$138$72$52
47 years$773$443$242$128$66$47
48 years$748$423$227$118$60$42
49 years$725$404$214$109$54$38
50 years$702$385$201$101$49$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $719,000, adding $5,039 every year, while hoping to spend $42,578 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 87/8/5 Blend
74$719,000$719,000$719,000$719,000
75$797,536$759,429$748,284$866,538
76$833,582$751,338$728,049$904,136
77$871,877$741,424$705,709$939,000
78$912,607$729,552$681,149$975,922
79$955,973$715,580$654,247$1,015,080
80$1,002,196$699,357$624,878$1,056,664
81$1,051,518$680,724$592,910$1,100,888
82$1,104,205$659,511$558,204$1,147,985
83$1,160,547$635,540$520,617$1,198,210
84$1,220,863$608,622$479,998$1,251,846
85$1,285,502$578,555$436,188$1,309,204
86$1,354,847$545,129$389,025$1,370,624
87$1,429,320$508,119$338,336$1,436,483
88$1,509,383$467,288$283,942$1,507,193
89$1,595,541$422,386$225,655$1,583,212
90$1,688,351$373,148$163,280$1,665,039
91$1,788,425$319,295$96,612$1,753,227
92$1,896,434$260,530$25,438$1,848,385
93$2,013,117$196,542$0$1,951,182
94$2,139,283$127,001$0$2,065,052
95$2,275,824$51,559$0$2,189,734
96$2,423,720$0$0$2,324,781
97$2,584,048$0$0$2,473,845
98$2,757,992$0$0$2,640,499
99$2,946,856$0$0$2,821,454
100$3,152,071$0$0$3,018,082